Question

Define leasing,hire purchase , factoring,demandbill,

Answer 1

Answer:

Leasing:

A leasing is a contract outlining the terms under which one party agrees to rent property owned by another party.

Hire Purchase:

Hire purchase is an arrangement for buying expensive consumer goods.

Factoring:

Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable to a third party at a discount.

Demand Bill:

A bill of exchange that is payable on demand.